USD / CAD TECHNICAL OUTLOOK
1) USD /CAD moves downside to 1.3700 on weaken US Dollar.
2) The bearish outlook for USD / CAD remain below the 50, 100 AND 200 moving average ( 1 hour TF ).
3) Major support level seen at 1.3655.
Technically, the bearish outlook for USD/CAD remains intact as the pair holds below the 50- and 100-day Exponential Moving Averages (EMAs) on the four-hour chart. Additionally, the Relative Strength Index (RSI) is located in the bearish territory below 50, which means the path of the least resistance of USD/CAD is to the downside.
2) The bearish outlook for USD / CAD remain below the 50, 100 AND 200 moving average ( 1 hour TF ).
3) Major support level seen at 1.3655.
Technically, the bearish outlook for USD/CAD remains intact as the pair holds below the 50- and 100-day Exponential Moving Averages (EMAs) on the four-hour chart. Additionally, the Relative Strength Index (RSI) is located in the bearish territory below 50, which means the path of the least resistance of USD/CAD is to the downside.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.